Novus Glass franchise

Hassle-free business loans to start your Novus Glass franchise.

Business loans for franchises​

Novus Glass outlets and mobile stores primarily provide auto glass replacement products and services. With more than 44 million windshields repaired since 1972, the company claims to be the global leader in their market.

Novus Glass business details

Novus Glass is headquartered in St. Paul, Minnesota. They’ve offered franchise opportunities since 1985. Best known for their auto glass repair services, they also offer commercial and residential glass replacement plus a mix of other automotive aftermarket products and services. They currently operate in 30 countries and have more than 1300 locations worldwide.

Novus Glass at a glance:

  • Stores: More than 1300
  • Required Investor net worth: £150,000
  • Required investor liquid cash: £30,000
  • Min. investment: £59,000
  • Max. investment: £274,000
  • Standard franchise term: 10 years

Can I start a Novus Glass franchise?

Novus Glass say you don’t need previous experience in the automotive service industry to successfully operate one of their glass replacement outlets, and with a requirement of £30,000 liquid cash and £150,000 net worth, the financial hurdles to ownership are low. However, keep in mind that many businesses offer auto glass repair in the UK, which has grown by since 2019, the competition for customers could be challenging – as evidenced by this franchise’s failure rate, which is 23% by year three. 

How much does a Novus Glass franchise cost?

A Novus Glass franchise is affordable, requiring an initial investment that ranges from £59,000 up to £274,000 (a cost that includes a vehicle fee that could be reduced by leasing your van or truck). This set-up cost ranks as low. 

The initial franchise fee is £10,500 and military veterans may qualify for a £1,000 discount. Note that franchisees can choose between a retail franchise, which requires a bricks and mortar store, or a mobile-only franchise, which utilises a van or truck to deliver Novus Glass products and services. Retail set-up costs range from £79,000 to £274,000. Mobile set-up costs range from £59,000 to £159,000.

After opening, you are required to pay an array of ongoing fees and charges. They include:

  • Royalty fee: 6% of gross sales 
  • Marketing contributions: 2% of gross sales
  • Local advertising fee: Minimum of 4% of gross sales
  • Vehicle lease payments: £1,300 to £1,600 per month
  • State, regional and national meetings: £600 to £1,000 per person per meeting
  • Other training: £0 to £5,000
  • Novus success team: Up to £1,000 per week plus expenses
  • Electronic data interchange: £2 per transaction
  • Monthly POS software license: £150 to £175 per month
  • Annual license fee: £750 to £900 per user
  • Late payments fee: £100 per month or maximum legal rate

Estimated key costs to open a Novus Glass franchise – leased retail location:

Key Costs GuideLowHigh
Franchise fee£10,500£10,500
Initial training fee£14,000£14,000
Training expenses – up to two people including salaries£3,000£9,000
Leased premises cost – first month’s rent£1,000£4,200
Leasehold improvements – store build-out£2,500£40,000
Furniture and fixings£0£25,000
Exterior signage£5,000£10,000
Insurance£10,000£20,000
Vehicle (lease or buy outright)£3,800£50,000
Equipment packages£10,000£25,000
Additional tools and supplies£1,000£2,500
Inventory and supplies£0£10,000
Software package£2,500£2,500
Calibration package£0£11,990
Franchise ID package£1,500£3,000
Initial marketing set-up package£5,000£5,000
Initial advertising campaign costs£0£5,000
Insurance premiums£2,500£5,000
Security deposits£0£3,000
Additional costs – 3 months£17,000£35,000

Franchise loan calculator

Your loan details

£
months
%

This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.

Your results

Monthly payments

£-

Avg. monthly interest

£-

Total interest

£-

Total cost of finance

£-

Borrow £

Are Novus Glass franchises profitable?

Yes. Average annual gross revenues for a UK Novus Glass franchise are £612,000. Auto repairs – all kinds – generally earn profit margins of 20% to 30%. Assuming a 25% profit margin, the average net income per Novus outlet would be around £150,000, which ranks as good and would repay your initial investment in approximately 4 years. 

What is the failure rate for a Novus Glass franchise?

High. The failure rate of a Novus Glass franchise is 6% in the first year, rising to 23% by year three.

Why should you start a Novus Glass franchise?

Low initial investment, good profits and fast payback make a Novus Glass franchise an attractive business opportunity, but there are concerns over the unusually high failure rate, with almost a quarter of all franchises going bust within their first 3 years. If you think you can beat this trend and you like working with cars and trucks and you’re also prepared to go on the road to rescue motorists in an emergency, this could be the franchise for you.

Swoop has helped thousands of customers like you achieve finance for

New units

Refurbishments

Refinance

Equipment purchase

Ready to be matched with your personal funding manager?

What are the franchise territory policies for Novus Glass?

Franchises receive the right to operate one Novus Glass business within a territory that the company designates. While there is no minimum size for the territory, the company uses mapping software and vehicle data to determine the territory, which will typically include approximately 120,000 vehicles or more. As long as the franchisee is compliant with their franchise agreement, Novus Glass will not operate, or grant to any third party the right to operate another glass repair and/or glass replacement business, including a mobile business, using the Novus trademarks within the territory.

What franchise resources does Novus Glass offer?

Novus Glass support for franchisees includes:

  • Training: Franchisees or their nominated manager must attend and successfully complete the Novus Glass initial training within 60 days after they sign the franchise agreement, and before they begin operating their Novus business. The initial training is designed to assist franchisees in launching their Novus franchise. Additionally, Novus Glass will, for the first franchise, make a ‘fast start’ field representative available to franchisees to provide further training. This will take up to two weeks for a retail location franchise, and one week for a mobile franchise. At the franchisee’s request, the company will also provide additional telephone advice during the first 60 days after training is completed. 
  • Marketing support: Novus Glass provides promotional and other marketing support for their franchisees.
  • Third-party financing: Novus Glass provides limited financial support for investors seeking franchise funding. Alternatively you may be able to obtain more economical and flexible funding solutions from the many independent funders who provide business loans to franchise operators.

What is the process for starting a Novus Glass franchise?

It begins with an application. Start the process today.

Secure franchise funding with Swoop

Starting a new franchise can be an exciting opportunity, but it’s easy to get lost in a maze of business loan applications that can make funding your new glass replacement business like too much hard work. Instead, cut out the hassle and cut to the chase. Swoop has the best lenders for the best franchises across the UK. Just tell us what you need and leave the rest to us.

Ready to start your franchise?

Testimonials

Written by

Chris Godfrey

Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.

Swoop promise

At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple – to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.

Find out more about Swoop’s editorial principles by reading our editorial policy.

Ready to grow your business?

Clever finance tips and the latest news

delivered to your inbox, every week

Join the 70,000+ businesses just like yours getting the Swoop newsletter.

Free. No spam. Opt out whenever you like.

We work with world class partners to help us support businesses with finance

Looks like you're in . Go to our site to find relevant products for your country. Go to Swoop